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Power & Energy
It is a well-known fact that modern power transmission components are designed to render long-term savings by providing uninterrupted power supply. With this backing, governments across the globe are incentivizing installations of new-age power transmission components to achieve significant energy savings.
This move comes as world leaders are devising ways to achieve economic growth through sustainable means. Furthermore, the need to upgrade the old power plant infrastructure also has a positive impact on the market. However, the high cost of initial investment is discouraging power plants from investing in these components.
Market Analysis and Insights: Global Power Transmission Components Market
The global Power Transmission Components market was valued at US$ 60910 in 2020 and will reach US$ 74450 million by the end of 2027, growing at a CAGR of 3.4% during 2022-2027.
Global Power Transmission Components Scope and Market Size
The global Power Transmission Components market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Power Transmission Components market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Transformer
Circuit Breaker
Isolator
Insulator
Arrestor
Transmission Line
Transmission Tower
Segment by Application
Commercial
Industrial
The Power Transmission Components market is analysed and market size information is provided by regions (countries). Segment by Application, the Power Transmission Components market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Toshiba
ABB
Raton
Siemens
Crompton Greaves
General Electric
Hitachi
Schneider
Mitsubishi
Hyundai
BHEL
Emerson
ZTT
L&T
Tebian Electric
Apar
Sterlite
KEC International
SAE
Aster
This move comes as world leaders are devising ways to achieve economic growth through sustainable means. Furthermore, the need to upgrade the old power plant infrastructure also has a positive impact on the market. However, the high cost of initial investment is discouraging power plants from investing in these components.
Market Analysis and Insights: Global Power Transmission Components Market
The global Power Transmission Components market was valued at US$ 60910 in 2020 and will reach US$ 74450 million by the end of 2027, growing at a CAGR of 3.4% during 2022-2027.
Global Power Transmission Components Scope and Market Size
The global Power Transmission Components market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Power Transmission Components market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Transformer
Circuit Breaker
Isolator
Insulator
Arrestor
Transmission Line
Transmission Tower
Segment by Application
Commercial
Industrial
The Power Transmission Components market is analysed and market size information is provided by regions (countries). Segment by Application, the Power Transmission Components market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Toshiba
ABB
Raton
Siemens
Crompton Greaves
General Electric
Hitachi
Schneider
Mitsubishi
Hyundai
BHEL
Emerson
ZTT
L&T
Tebian Electric
Apar
Sterlite
KEC International
SAE
Aster
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